You are on page 1of 10

Islamic Bank Bangladesh Limited :

Islami Bank Bangladesh Limited is a Joint Venture Public Limited Company engaged in
commercial banking business based on Islamic Shari'ah with 63.09% foreign shareholding
having largest branch network ( total 286 Branches) among the private sector Banks in
Bangladesh. It was established on the 13th March 1983 as the first Islamic Bank in the South
East Asia.
It is listed with Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd. Authorized
Capital of the Bank is Tk. 20,000.00 Million and Paid-up Capital is Tk. 14,636.28 Million having
33,686 shareholders as on 31st December 2013.
To establish Islamic Banking through the introduction of a welfare oriented banking system and
also ensure equity and justice in the field of all economic activities, achieve balanced growth
and equitable development in through diversified investment operations particularly in the
priority sectors and less developed areas of the country. To encourage socio-economic
upliftment and financial services to the loss-income community particularly in the rural areas.
Our vision is to always strive to achieve superior financial performance, be considered a leading
Islamic Bank by reputation and performance.
Our goal is to establish and maintain the modern banking techniques, to ensure soundness
and development of the financial system based on Islamic principles and to become the strong
and efficient organization with highly motivated professional, working for the benefit of people,
based upon accountability, transparency and integrity in order to ensure stability of financial
We will try to encourage savings in the form of direct investment.
We will also try to encourage investment particularly in projects which are more likely to lead
to higher employment.

Strategic Objectives
To ensure customers' satisfaction.
To ensure welfare oriented banking.
To establish a set of managerial succession and adopting technological changes to ensure
successful development of an Islamic Bank as a stable financial institution.
To prioritize the clients welfare.
To emerge as a healthier & stronger bank at the top of the banking sector and continue stable
positions in ratings, based on the volume of quality assets.
To ensure diversification by Sector, Size, Economic purpose & geographical location wise
Investment and expansion need based Retail and SME/Women entrepreneur financing.
To invest in the thrust and priority sectors of the economy.
To strive hard to become a employer of choice and nurturing & developing talent in a
performance-driven culture.
To pay more importance in human resources as well as financial capital.
To ensure lucrative career path, attractive facilities and excellent working environment.
To ensure zero tolerance on negligence in compliance issues both shariah and regulatory
To train & develop human resources continuously & provide adequate logistics to satisfy
customers need.
To be excellent in serving the cause of least developed community and area.
To motivate team members to take the ownership of every job.
To ensure developemnt of devoted and satisfied human resources.
To encourage sound and pro-active future generation.
To achieve global standard.
To strengthen corporate culture.
To ensure Corporate Social Responsibilities (CSR) through all activities.
To promote using solar energy and green banking culture and ecological balancing.

Core Values
Trust in Almighty Allah
Strict observance of Islamic Shariah
Highest standard of Honesty, Integrity & Morale
Welfare Banking
Equity and Justice
Environmental Consciousness
Personalized Service
Adoption of Changed Technology
Proper Delegation, Transparency & Accountability
Corporate Social Responsibility of IBBL:

Corporate Social Responsibility (CSR, also called corporate conscience, corporate citizenship,
social performance, or sustainable responsible business/ Responsible Business) refers to the
concept that an enterprise is accountable for its impact on all relevant stakeholders. It is the
continuing commitment by business to behave fairly and responsibly and contribute to
economic development while improving the quality of life of the work force and their families
as well as the local community and society at large. CSR is not about philanthropy or charitable
work. It is about how companies take responsibility for their actions in the world at large.

The role of business worldwide and specifically in the developed economies has evolved over
the last few decades from classical profit maximizing approach to a social responsibly
approach, where businesses are not only responsible to its stockholders but also to all of
its stakeholders in a broader inclusive sense. To address the social problems or the problems of
the stakeholders, the business community evolved a new approach in their business strategies
named CSR and through CSR enterprises are intent to strike a balance between economic and
social goals, where resources are used in a rational manner and social needs are be addressed


For Islamic Financial Institutions CSR refers to all activities carried out by an Islamic Financial
Institution to fulfill its religious, economic, legal, ethical and discretionary responsibilities as
financials intermediaries for individuals and institutions.

To establish Islamic banking through the introduction of welfare oriented banking system Islami
Bank Bangladesh Limited created a charitable fund named Sadaqah Tahbil (Charity Fund)
on July 4, 1983, immediately after the inception. Gradually the volume of its activities increased
with the passage of time and the Sadaqah Tahbil was renamed as Islami Bank Foundation
on May 20, 1991. Continuing of this and to follow the instruction of Bangladesh Bank Islami
Bank Bangladesh Limited established Corporate Social Affairs Department (CSAD) under
Operations Wing on 16
July, 2009.

This report covers topics and indicators that reflect the Banks significant economic,
environmental and social impacts or that which would substantively influence the assessments
and decisions of our key stakeholders i.e. investors, employees, customers, suppliers,
communities and environment.

Responsibility to the Investors:
Islami Bank Bangladesh Limited has been discharging it responsibility to safeguard the interest
of the shareholders in line with the objectives of the Bank by complying Shariah & Law of the
land strictly, building a strong and efficient management and enhancing shareholders value &
financial performance. Various announcements on price sensitive information and other
disclosures are made through newspaper, website, and other media.

Responsibility to the Employees:
Islami Bank Bangladesh Limited has succeeded to develop a group of highly motivated
professionals, working for the benefit of the people, based upon accountability, transparency
and integrity. The bank always aware of continuous development of knowledge, competencies
and attitude of the employees; comfortable and modern working environment as well as
justified and competitive compensation packages for them.

Relationship with the Customers:
IBBL considers the customers as its partners and develops relationship through its employees as
well as by organizing various programs in different occasions:

a. Bank organizes Service week/fortnight in every year.
b. All the branches organize Iftar Mahfil during the month of Ramadan every year
c. Every year the Bank distributes New Years souvenir - calendar, diary, card etc. among the

Responsibility To The Suppliers
Suppliers play a fundamental role in the Banks micro environment. As an essential component
of overall business function, suppliers regarded as inclusive partners. The Bank develops its
relationships with suppliers organizations on the basis of value and trust.

Responsibility To The Community
The Bank is very much conscious regarding its responsibility towards the communities within
which it operates:

(1) Education
For promoting of education IBBL takes several regular programs. Like as:
01. Scholarship to the very poor students secured GPA 5 in SSC & HSC
02. Medical College, Health Technology Institute, Nursing Training Institute, Technical Institutes
03. English medium school, Bangla medium school, Girls madrasha
04. Forqania Maqtabs (elementary religious school)
05. Award to the meritorious students for outstanding results in SSC, HSC and MBA
06. Mobile Library in Dhaka City.

(2) Health
01. 6(six) fully owned hospitals, 7 (seven) Community Hospitals, 05 (five) Homeopathy
02. Mobile Eye Camps in rural areas
03. Circumcision Camps (Sunnat-e-Khatna) for free of cost
04. Charitable Dispensaries.
(3) Humanitarian and Disaster Relief
(4) Sports, arts & culture
(5) Women empowerment

Responsibility To The Environment
The main theme of environmental responsibility is to create No Harm to the environment in
view to remain it healthy for future generation. IBBL, being a responsible corporation, has taken
following initiatives in this regard:

1. Educating the employees in Green Banking
2. Established online connectivity with all the branches
3. Online Investment proposal
4. Employees are encouraged to efficient use of energy and thus instructed to
avoid unnecessary consumption of electricity by light, fan, air condition and other
electrical appliances.
5. Customers are encouraged to check their balance/statement through internet/
mobile phone/ATM machine without giving paper statement.
6. Eight Solar Panel of 2720 W capacity is installed in different offices of the Bank.

Measures taken with the community:
Due to quick urbanization in the country, forest and agricultural land is becoming squeeze
which hampers ecological balance severely. In view to improve ecological harmony, IBBL takes a
campaign program of one man one plant among the employees and the customers.
It observes plantation week during the rainy season every year.


Corporate Vision

Building profitable and socially responsible financial institution focused on Market and Business with
Growth potential, thereby assisting BRAC and stakeholders to build a just, enlightened, healthy
democratic and poverty free Bangladesh.

Corporate Mission

Sustained growth in Small & Medium Enterprise sector

Continuous low-cost deposit Growth with controlled growth in retail assets.

Corporate Assets to be funded through self-liability mobilization. Growth in Assets through
syndications and investment in faster growing sectors.

Continuous endeavor to increase non-funded income

Keep our debt charges at 2% to maintain a steady profitable growth

Achieve efficient synergies between the banks branches, SME unit offices and BRAC field
offices for delivery of remittance and Banks other products and services

Manage various lines of business in a full controlled environment with no compromise on
service quality

Keep a divers, far flung team fully controlled environment with no compromise on service

Keep a diverse, far flung team fully motivated and driven towards materializing the banks
vision into reality

Core Values

Our Strength emanates from our owner - BRAC. This means, we will hold the following values and will
be guided by BRAC as we do our work.

Value the fact that one is a member of the BRAC family

Creating an honest, open and enabling environment

Have a strong customer focus and build relationships based on integrity, superior service and
mutual benefit

Strive for profit & sound growth

Work as team to serve the best interest of our owners

Relentless in pursuit of business innovation and improvement

Value and respect people and make decisions based on merit

Base recognition and reward on performance

Responsible, trustworthy and law-abiding in all that we do.

BRAC Bank CSR Activities

As part of 3P Philosophy People, Planet & Profit - the mission of social work is embedded in DNA of
BRAC Bank. We believe that we have a responsibility to people we work with and places we operate in.
As a mission-driven bank, we prefer to work for welfare of people and society than to making profit.
We maintain these values while carrying out our day-to-day business as well.

In Corporate Social Responsibility, BRAC Bank prioritizes on long term programs rather than short term
ones for lasting impact on people and society. We develop partnership with long term commitment to
implement CSR programs to ensure sustainable impact on communities. We support non-for-profit
organization with seed money rather than one-off donation.

Currently, BRAC Bank CSR program focuses on
Young leadership,
Culture and heritage, and
Community development.

BRAC Bank-Prothom Alo Trust Adamya Medhabi Scholarship BRAC Bank-Prothom Alo Trust Adamya
Medhabi Scholarship was introduced in 2010 to assist meritorious student of insolvent families fulfill
their pursuit of higher education. BRAC Bank would be with the students in their entire study life. With
the scholarship, many students are now studying in BUET, medical, Dhaka University and other
reputed institutes. A total of 224 students have so far availed the scholarship.
Facilitating higher education in nursing at BSMMU BRAC Bank Limited has extended support for
facilitating higher education in medical nursing at Bangabandhu Sheikh Mujib Medical University
(BSMMU). This little support may go a long way for development of professional nursing in the
Social Welfare:
Standing beside Savar victims BRAC Bank stood beside the victims and families of Savar building
collapse incident. BRAC Bank has donated Tk. 1 crore to Prime Ministers Relief Fund for rehabilitation
of Savar victims. Other initiatives include blood donation, donation of one day salary by all employees,
medicines for emergency treatment, assistance for emergency surgery.
Solarizing SME Unit Offices BRAC Bank continues to expand its solar power capacity as it has brought
new SME Offices under the renewable energy as part of its commitment to environment. The bank has
completed installation of solar panels in 149 SME Unit Offices as of in 2013. The bank is committed to
bring all 400 SME Unit Offices under solar energy.
Art & Culture:
BRAC Bank-Samakal Shahitya Puroshkar BRAC Bank-Samakal Shahitya Puroshkar 2012 has started for
second year to inspire writers for their creative works and enrich Bangla literature. BRAC Bank Limited
and Daily Samakal have teamed up to launch the literary award to inspire writers and litterateurs to
further enhance treasure of Bangla literature.
Young leadership:
Taking Bangladesh on top of the world Iconic summiteer Wasfia Nazreen has conquered the highest
peak of Antarctica as first Bangladeshi national. As part of the fourth leg of her Bangladesh on Seven
Summits campaign, she successfully climbed Mount Vinson of Antarctica. BRAC Bank and BRAC Bank
subsidiaries along with BRAC have extended support for her expedition of the highest mountain of the
South Pole.
Employee Initiative in CSR
Marathon for Humanity Employees of BRAC Bank runs marathon every year to raise fund for
supporting human cause. The marathon for the cause of humanity has set an example in banking
industry as how a bank can reach out to less advantaged people of the society. A portion of the fund is
donated to charity organization every year.


Poor students realize dreams to pursue higher study
students inspired for nation building
students inspired for science education
Students to continue study


Garment workers get medical treatment
Nurses get opportunity for higher study


Trees saved
SME Unit Offices solarized


Employees donate 1-days salary for Rana Plaza victims
Cold-hit people receive clothes for warmer nights
Employees run for humanity
Employee stand up to raise voice against violence to women
Readers avail library


million people inspired to book reading
People find roots in classical music

BRAC Bank Limited follows the 3Ps (People, Planet and Profit) philosophy in its operation. Besides core
business, the bank carries a strong emphasis on Corporate Social Responsibility-initiatives that support
the people and protect the planet.To expand social activities and carry out them in a focused way, BRAC
Bank has launched a CSR Desk with a dedicated team assigned for the desk.The desk initiated in line
with guidelines of Bangladesh Bank, will help the bank put focus its on different CSR activities and
ensure transparency. It will also help to carry out CSR jobs in an organized way. General people and
prospective beneficiaries will get access to information about the banks CSR programs.